The VARDE MANAGEMENT, L.P. is a privately held investment adviser that advises $14.34Bn in regulatory assets under management held in 2 SEC fund types across 7 investment strategies. VARDE MANAGEMENT, L.P. is a Private Fund A private fund manager is a manager whose >=75% of total assets under management are in private funds (privately offered pooled vehicles for accredited or qualified investors, generally accessed through placements with higher minimums, restricted eligibility, and negotiated terms) Manager. Assets decreased by 38.61% over the last 5-years.
The Group has been registered with the SEC for 17.59 years and is comprised of 1 filing and 6 relying advisers. They operate out of 2 office locations with their Headquarters at 520 MADISON AVENUE 34TH FLOOR, NEW YORK, NEW YORK. The Group has not been subject to regulatory enforcement actions. They are regulated by 3 US and Non-US bodies.
They have 197 employees comprised of 64 investment and 133 non-investment staff. The total number of Employees decreased by 37.26% over the last 5-years.
Their $14.34Bn in assets advised are owned by 120 private funds, 0 public funds and BDCs and 0 other accounts. Assets of Pooled Investment Vehicles (Not IC or BDC) clients total $14.34Bn or 100% of Total Assets.
The Group's top investment strategies include FI/Credit - Diverse, FI/Credit - Distress and FI/Credit - Asset Backed Securities, representing 88.66%, 3.54% and 2.81% of total assets, respectively.
They advise 1 types of clients, top clients are Pooled Investment Vehicles (Not IC or BDC).
The Group uses 1 Fund Administrators, 1 Fund Auditors, 1 Prime Brokers, 8 Custodians and 6 Marketers. It does not report a third-party Fund Administrator in 70 private funds with $5.69Bn in assets.
The Group discloses management fees and performance-based fees.
VARDE MANAGEMENT, L.P. names 1 sub-adviser ALTER DOMUS MANAGEMENT COMPANY S.A. to 1 different fund advised by the group. The Group has been named as the sub-adviser to 0 funds.